It's not necessary but I do a factory wipe prior to loading a new OS on any device. I've been burned once to many times while I was using a Blackberry when an app that was not written for the new OS I was loading would cause so many glitches the phone became unusable. So now, I just do a complete wipe when it's a major OS upgrade.
I did one AFTER the OS upgrade. Not sure if it was needed, just did it for good measure to make sure stuff was cleaned up. After redoing everything, I reran all my Ti backups to get a fresh start.